Home prices, rents rise nationally and locally

By Kathy Orton

Home prices and rents are rising nationally with rental prices outpacing home price increases, according to a report released Thursday by Trulia.

Based on the for-sale homes and rentals listed on its site, the real estate Web site operator found that asking home prices have stabilized or risen this year. (For this report, Trulia tracks asking prices — the price the property is initially listed at — not sales prices.)

In September, the asking prices on for-sale homes nationally increased 2.5 percent year over year. Excluding foreclosures, YOY asking prices went up 3.5 percent.

"As asking prices continue to climb, 2012 will almost surely be the first year of rising home prices since 2006," said Jed Kolko, Trulia's chief economist.

Rents nationally gained 4.8 percent year over year in September. In the Washington metro area, rents rose at a more modest pace, 3.4 percent.

  • October 13 2012 - Fayetteville
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Answers (2)

Profile picture for wetdawgs
Cutting and pasting .... again.... alas.

Do you have permission from the copyright holder to cut and paste her article ?

Attribution doesn't just mean providing the author's name, but the source of the article.   Without the permission of copyright holder, just provide the link.

Ideal to avoid plagiarism charges is to provide a short quote or simply tell us what you think of the article plus a link, not cut and paste.

  • October 13 2012
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Give me a call wetdawgs 910-286-5764
  • November 07 2012
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